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Flagstar Bank FLG Pre-Tax Income

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Other financials

Income statement

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Revenue$516.0M+4.0%
Net income$34.0M+149%
EPS (diluted)$0.06+132%

Balance sheet

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Cash & equivalents$5.2B-36.6%
Total debt$23.9B+43.7%
Total equity$8.1B+0.6%
Total assets$87.7B-4.9%

Cash flow

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Operating cash flow$226.0M
CapEx$11.0M+1,000%
Free cash flow$3.0B+1,543%

Valuation

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Market cap$5.9B+19.0%
Enterprise value$24.63B+83.5%
P/S2.9×

Profitability

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Net margin-18.5%-8.5pp
FCF margin97.8%

Returns & leverage

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Return on equity-4.7%-2.2pp
Debt / equity2.9×+0.9×

Where this comes from

Reported directly by Flagstar Bank in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: Flagstar Bank’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000910073-26-000068
(in millions, except per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Intangible asset amortization23274855
Merger-related expense1422
Total non-interest expense4505139161,045
Income (loss) before income taxes48(81)80(202)
Income tax expense (benefit)14(11)25(32)
Net income (loss)$34$(70)$55$(170)
Preferred stock dividends881616
Net income (loss) attributable to common stockholders$26$(78)$39$(186)

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Flagstar Bank's pre-tax income?
Flagstar Bank (FLG) reported pre-tax income of $48M in Q2 2026.
How has Flagstar Bank's pre-tax income changed year-over-year?
Flagstar Bank's pre-tax income increased by 159.3% year-over-year, from -$81M to $48M.
What is the long-term trend for Flagstar Bank's pre-tax income?
Over 3 years (2021 to 2024), Flagstar Bank's pre-tax income has grown at a 19.6% compound annual growth rate (CAGR), from $806M to -$1.38B.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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